📈 Bitcoin (BTC) Technical Analysis – May 23, 2025

🚀 BTC continues its bullish trajectory, currently trading around $111,400, maintaining strength after breaking past the critical $110K psychological barrier.

🔍 Key Highlights:

Golden Cross Formed 📊

The 50-day MA has crossed above the 200-day MA, a classic bullish signal indicating long-term upward momentum.

Rising Wedge Formation ⚠️

While price action remains strong, the formation of a rising wedge suggests a potential short-term pullback—traders should watch volume closely.

Volume Profile📈

Strong institutional buying and consistent volume above $100K reinforces bullish sentiment.

📊 Support & Resistance:

Support: $107K, $100K

Resistance: $113K, $120K

A clean break above $113K could send BTC targeting the $120K zone.

🧠 Market Sentiment:

The trend remains bullish, but overbought conditions and technical resistance at \$113K warrant cautious optimism. A retest of $107K could offer a healthy consolidation.

🏷️ Hashtags:

#BTC #bitcoin #BinanceSquare #cryptotrading #TechnicalAnalysis #GoldenCross #BullishTrend #WriteToEarn #BinanceCommunity

⚠️ Disclaimer:

This content is for educational and informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a financial advisor before making any investment decisions. Cryptocurrency markets are highly volatile and involve significant risk.